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Disarticulated an international cyber scam group

03/01/2019

Spanish Policia Nacional in collaboration with EUROPOL and the US Secret Service, has dismantled an international group of cyber-scammers. According to the General Directorate of the Spanish Policia Nacional, six people have been arrested in Madrid as alleged perpetrators of crimes of aggravated fraud, membership of a criminal organization and money laundering. International collaboration has been instrumental in locating the bank accounts used by the organization for their illegal transactions.

The amount scam confirmed up to now, amounts to almost one million euros, its victims being large companies and individuals with high purchasing power in Spain, Switzerland, Belgium, the United States and Estonia. They redirect victims' emails or search them on social networks to obtain confidential information with which they launch social engineering attacks using, at least, three modalities: CEO fraud, Love Scam and Lottery Prize scam.

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